In today’s briefing:
- Upcoming Mobvoi’s Debut: Downsized IPO Despite Hyper-Growth In AIGC Business Segment
- Aadhar Housing Finance Pre-IPO – Refiling Updates – Growth Picking Up
- Zhubajie Pre-IPO – Profitability Looks like a Long Shot
Upcoming Mobvoi’s Debut: Downsized IPO Despite Hyper-Growth In AIGC Business Segment
- Mobvoi, an emerging AIGC market player in China, set terms for an IPO and plans to raise ~HK$330M (~$42M) in Hong Kong. CICC and CMB International are leading the offering.
- The initial public offering is expected to be between HK$3.70 and HK$4.10. At the midpoint of the range, Mobvoi has a market value of ~HK$5.8B based on 1491.5M outstanding shares.
- In my insight, I discuss valuation framework for comparable company analysis and outline revenue growth scenarios for each business segment under my base case.
Aadhar Housing Finance Pre-IPO – Refiling Updates – Growth Picking Up
- Aadhar Housing Finance (AHF) is now looking to raise around US$600m in its India IPO, via selling a mix of primary and secondary shares.
- AHF is focused on the low income housing segments (ticket size less than INR1.5m) in India. It offers a range of mortgage-related loan products.
- In this note, we look at the updates from the company’s recent filings.
Zhubajie Pre-IPO – Profitability Looks like a Long Shot
- Zhubajie Co Ltd (ZHUHKZ HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO.
- Zhubajie (ZBJ) is a customized enterprise services e-commerce platform in China. The firm focuses on matching and facilitating the transactions between enterprise clients and service providers through its ZBJ platform.
- In this note, we talk about the firm’s historical performance.
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